New Listing!! 27955 Clemens, Westlake, OH

New Listing
27955 Clemens Rd, Westlake, OH
3,600 SF Available for Lease

Cedar Fair deal to sell California's Great America amusement park falls through - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Cedar Fair deal to sell California's Great America amusement park falls through - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Sandusky-based Cedar Fair said its definitive purchase agreement with JMA Ventures LLC, announced in September, has been terminated.
"We respect JMA's decision and are pleased to return to the long-term ownership of this exceptional property," said Matt Ouimet , Cedar Fair's president, in a statement. Mr. Ouimet in January will become CEO of Cedar Fair.

New Listing!! 5311 Meadow Lane

New Listing!!
5311 Meadow Lane, Sheffield Village, OH 44035



Bentley Forbes Group LLC - 3 Ohio Properties - For Sale

Bentley Forbes Group LLC is putting three Ohio properties up for sale. The company has listed the properties for a combined $98 million, according to Marcus & Millichap Real Estate Investment Services. The portfolio includes Medical Mutual's downtown Cleveland headquarters, a Medical Mutual administration building in Toledo and a data center in Beachwood.

Investment Property - Elyria, OH

1530 West River
Includes Ground Lease - Applebee's

Investment Sale

Innovation + Job News in Cleveland Ohio

Innovation + Job News

What started a decade ago as a business of one in a little office in University Heights has blossomed into one of the fastest growing companies in the nation. Danny Spitz, president and CEO of EverStaff, started the professional staffing company to satisfy his entrepreneurial spirit. Today, the company has 50 employees in 14 branches across 25 states.

Tressel visits Cleveland Browns - Berea, OHIO

Visiting the Cleveland Browns practice on Tuesday was ex-Ohio State football coach Jim Tressel and ex-Michigan football coach Lloyd Carr as they listen to the Browns General Manager Mike Holmgren on August 16, 2011 in Berea, Ohio.

Retail Acreage in Elyria, Ohio - 3 Acres

CLEVELAND CLINIC GRACES IN THE TOP HOSPITALS

For its latest ranking of the Best Hospitals in the Unites States, U.S. News studied nearly 10,000 specialists and almost 5,000 hospitals to rank the best in 16 adult specialties, from cancer to urology. Among the factors considered in evaluation are death rates, patient safety and hospital reputation.
Out of those 5,000 hospitals, only 140 were nationally ranked in one or more specialties. The Cleveland Clinic was ranked nationally in 16 adult and 10 pediatric specialties, landing it once again on the Best Hospitals Honor Roll.

freshwater article

BORDERS BOOKS TO CLOSE 399 STORES

CLEVELAND, Ohio -- Both book-lovers and bookstore owners are reeling from Borders Group's decision to shutter 399 Borders stores and cut 10,700 workers nationwide.

New Listing - Cleveland Road - Sawmill Creek Acreage

7 ACRES FOR SALE
ACROSS THE STREET FROM

SAWMILL CREEK RESORT AND GOLF

high-performing charter school signs lease to expand into ohio city

high-performing charter school signs lease to expand into ohio city
The Near West Intergenerational School (NWIS), a public charter school that aims to serve families on Cleveland's near-west side, will open this fall inside of Ohio City's Garrett Morgan School of Science.

"The location in the heart of Ohio City will draw kids from the neighborhood, and many families will be able to walk to school," says Debbie Fisher, the school's recently hired Principal. "Cleveland has a huge need for quality, high-performing schools, and we really believe in bringing this model to kids and families."

White Hat Management buys five closed churches from Catholic Diocese of Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

White Hat Management buys five closed churches from Catholic Diocese of Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Through various partnerships that list in Cuyahoga County records to White Hat's Akron headquarters, White Hat has acquired properties in Cleveland of the former parishes at Annunciation, 4697 W. 130th St.; Corpus Christi, 4850 Pearl Road; St. Procop, 3181 W. 41st St.; St. Rose, 11401 Detroit Ave.; and Sacred Heart of Jesus, 4300 E. 71 St.

Ohio to get $110 million more from Cleveland, Cincinnati casinos - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Ohio to get $110 million more from Cleveland, Cincinnati casinos - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

During a noon press conference today, Gov. Kasich said the state will get an additional $110 million over the next 10 years on top of the $50 million one-time licensing fee and 33% tax on gambling revenues included in the 2009 constitutional amendment that ushered in gaming in Ohio.

Marina for Sale

BAY CITY, MICHIGAN

MARINA FOR SALE

American Greetings to build new headquarters at Crocker Park in Westlake - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

American Greetings to build new headquarters at Crocker Park in Westlake - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

And the winner is … Westlake.


Greeting card maker American Greetings Corp. (NYSE: AM) said it plans to establish a new world headquarters in Westlake and exit its longtime corporate home in Brooklyn for a new location at Crocker Park.

The company plans to develop a 700,000-square-foot complex on a 13-acre site off of Main Street at Crocker Park. The company plans to move in the new HQ, dubbed “American Creative Studios,” in 2014, according to a letter that CEO Zev Weiss sent to employees and a summary about the project the company distributed.

Great Article by Stan Bullard

roll (tax) credits: what the motion picture tax credit means for cleveland

roll (tax) credits: what the motion picture tax credit means for cleveland

Hollywood might be known as the Dream Factory, but it has begun producing something far more concrete for Cleveland: jobs and economic growth.Thanks to the recently passed Ohio Motion Picture Tax Credit, Cleveland already is experiencing a considerable boost in the quantity and quality of movie productions filming here. While bringing in temporary shoots is a welcome shot in the arm, that's only the opening scene, says Ivan Schwarz, executive director of the Cleveland Film Commission.

Industrial Market Trends Q1

 

THE BOTTOM LINE
• Demand accelerated to over 31 million square feet. This is the strongest net absorption

reading since the fourth quarter of 2007 and a 30-percent increase over the fourth

quarter of 2010.

• Supply remained constrained with only 4 million square feet of completions, of which

just 120,000 square feet is available for lease.

• U.S. vacancy and availability rates declined 30 basis points during the quarter to 10.1

percent and 13.3 percent, respectively.

• Asking net rental rates have risen slightly during the quarter, with the increase in rental

rates experienced within the warehouse/distribution property type being offset by the

decline within the general industrial sector.

• Minimal new construction, tenant-favorable rents and rising demand will drive the vacancy

rate down closer to 9 percent than 10 percent by the end of 2011.

ASSISTED LIVING OR NURSING FACILITY SITE - AVON, OHIO

Outstanding Site for Assisted Living or Nursing Facility!
1/4 Mile from Mercy Hospital

Route 611 and I-90
37845 Colorado Ave, Avon, Ohio 440

For more information:
Mike Petrigan
Senior Vice President
216.453.3017

mike.petrigan@grubb-ellis.com

New Listing!! 765 Sugar Lane, Elyria, Ohio 44035

765 Sugar Lane, Elyria, OH

6,000 SF
.54 Acres
Clear Height 12'

For Sale or Lease

mike.petrigan@grubb-ellis.com

Mike Petrigan
216.453.3017

NEW LISTING - 46400 Telegraph Rd, Amherst, OH

 Multi-Purpose
 Free-Standing Building
 Multi-Tenant
 20,632 Sq. Ft. Total Building Size
 1.84 Acre Site
 Zoned GB – 1 General Business
 Property is conveniently located less than 1 mile from Route 58/Leavitt Rd 1.5 Miles South of I-80/ Ohio Turnpike

Contracts for nonresidential construction surge in Cleveland, Akron Markets - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Contracts for nonresidential construction surge in Cleveland, Akron markets - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Contracts for nonresidential construction this year through the end of February in the Cleveland Metropolitan Statistical Area climbed almost three-fold, to $638 million from $223 million in the like period of 2010. Meanwhile, contracts for nonresidential construction in the Akron MSA jumped 89%, to $26.4 million from $14 million, in the same time frame.

LORAIN — The Lorain Port Authority got their first look last night at the proposed designs for the new Jet Express Ferry Terminal.

The 4,600 square foot terminal will be built north of the Black River Landing stage. The east wing will house the Jet Express terminal and the rest of the building will be used for Port Authority offices, a conference room and a lobby.


Rendering

38777 Taylor Pkwy, North Ridgeville, Ohio - For Lease

38777 Taylor Parkway - For Lease

12,000 SF Available for Lease

Industrial Building


Lease Rate:  $4.50 PSF NNN


For More Information:


Mike Petrigan
216.453.3017


mike.petrigan@grubb-ellis.com

regatta revival: rowing advocates say sport is poised for greatness

regatta revival: rowing advocates say sport is poised for greatness There's nothing straightforward about rowing through the Flats on the Cuyahoga River. Just ask Caitlin Bowerman, president of Case Western Reserve Crew Club, which started its spring training on the river earlier this month.

Short takes: What's happening at Northeast Ohio's small businesses - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Short takes: What's happening at Northeast Ohio's small businesses - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

GETTING BIGGER: Semco Carbon has moved into a new 40,000-square-foot facility in Lorain, more than doubling its space from its previous location. The firm, founded in 1971, provides custom graphite machining services to a variety of markets, including solar, aerospace, glass, casting/forging and heat treating. The company, located in Lorain for the past 20 years, currently employs about 25, and there are plans to hire additional machinists.

1350 CHESTER INDUSTRIAL, AVON, OHIO - VIRTUAL TOUR

Two Northeast Ohio agencies awarded $53M in federal New Markets Tax Credits - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Two Northeast Ohio agencies awarded $53M in federal New Markets Tax Credits - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

U.S. Sen. Sherrod Brown, a Democrat from Avon, said the U.S. Treasury Department has awarded a total of $53 million in New Markets Tax Credit allocations to two Northeast Ohio agencies authorized to disburse the valuable federal tax credits.

Mr. Brown said the Cleveland New Markets Investment Fund received $35 million in tax credits and the Northeast Ohio Development Fund in Cleveland received $18 million.

17999 Foltz Parkway, Strongsville, OH

NEW LISTING!!
17999 Foltz Parkway, Strongsville, OH
For Sale or Lease
$12.00 PSF NNN

Sale Price - TBD

SOLD - MIDWAY SQUARE - 602 LEONA, ELYRIA, OHIO

SOLD!!!
CLOSED - 2/23/11
602 LEONA, ELYRIA, OHIO

$1,230,000

SOLD - 909 CROCKER, WESTLAKE, OHIO

SOLD - 909 CROCKER, WESTLAKE, OHIO

$790,000

super-smarthome to break ground at natural history museum

super-smarthome to break ground at natural history museum

The Cleveland Museum of Natural History (CMNH) will soon break ground on SmartHome Cleveland, a passively-heated home that does not require a furnace and is designed to challenge the way that people think about the issue of climate change.

1350 Chester Industrial Parkway, Avon, Ohio

n  12,000 Sq. Ft. Total Building Size

n  3,000 Sq. Ft. Office

n  9,000 Sq. Ft. Warehouse

n  9’ x 9’ Dock Door

n  14’ x 14’ Drive-in Door

n  Recessed dock with internal dock levelers

n  Two built-in exhaust fans

n  Floor drains

n  18’ clear height

n  Interior Sprinkler System

n  Security System

n  400 amp / 3-phase electric

n  Lawn sprinkler system

n  Zoning – M-1 Industrial

n  Excellent access to I-90 and the Ohio Turnpike

US Steel investing in Lorain, Ohio

CLEVELAND, Ohio -- U.S. Steel Corp. is expanding its Lorain steel tube plant to make pipes for natural gas companies and expanding a Leipsic plant to make steel for automakers.

The company said last year that it was considering the two projects but declined to commit to them at the time. In December, it confirmed the Leipsic project and on Monday, the state announced $200,000 in grants to help fund the Lorain project.

37140-37190 Sugar Ridge - Property For Sale or Lease



Interior Of Sugar Ridge

Sugar Ridge Property

n  2-24,000 SF Multi-Tenant Industrial/Warehouse Buildings constructed in 2001.

n  Income producing property with upside potential for new owner.

n  Suites from 3,000 to 24,000 Square Feet Available for lease in Building A.

n  Suites up to 12,000 Square Feet available for lease in Building B.

n  18’ – 21’ Clear, Ample Parking & Loading Areas

n  End units have a dock high door and interior units feature drive-in doors.

n  Light Industrial Zoning.

n  Flexible spaces for all industrial, warehouse and office needs.  

n  Ample 480v/3-Phase electrical service.

n  First class construction with on-site management.

n  All concrete parking and loading areas.

Cleveland Horseshoe Casino receives formal unveiling - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Cleveland Horseshoe Casino receives formal unveiling - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

If all goes as planned, Cleveland will have the first casino in Ohio in early 2012 when the Cleveland Horseshoe Casino opens its temporary, $350 million first phase in the Higbee Building at Tower City Center.
That money is in addition to the $600 million investment planned for the permanent casino south of Tower City.

825 Leona - FOOD GRADE WAREHOUSE

825 Leona, Elyria, Ohio

n  60,732 Sq. Ft. Available

n  Warehouse Office Approximately 264 SF

n  Minimum Divisible 20,000 SF

n  Extremely Clean

n  Excellent Highway Visibility On I-90

n  Excellent Access To Both I-90 & I-80 (Ohio Turnpike)

n  Fully Sprinklered

n  Zoned Light Industrial

n  6 Docks & 1 Drive-In

n  Neighbors Include Jack Matia Honda

n  21’ Ceiling Clearance

n  Power  480/3-Phase   400 AMP

n  Air-Conditioned Ready

n  Ample Parking

Designer, retailer plan Dredgers Union store on East Fourth Street in downtown Cleveland

CLEVELAND, Ohio -- In a city built around the Cuyahoga River, the word "dredging" is synonymous with hauling up muck and opening the waterways to maritime traffic.

But to Danielle DeBoe, dredging means clearing a path for retail in downtown Cleveland. Sean Bilovecky sees it as digging back to a tradition of designing, making and selling things close to home.

Kalahari Resort in Sandusky plans $22 million convention center expansion - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Kalahari Resort in Sandusky plans $22 million convention center expansion - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Kalahari said the 120,000-square-foot addition will bring its convention center total square footage to 215,000. It will include a 38,000-square-foot grand ballroom/expo center, a 12,000-square-foot junior ballroom, 14 meeting rooms, a 4,000-square-foot themed outdoor plaza connected to an indoor ballroom and 30,000 square feet of pre-function space.
Kalahari Resort said the expansion will increase its meeting capacity to 5,200 attendees from 2,200.

Forecast 2011 - Commercial Real Estate

Prepare for a new year. Our 2011 forecast site provides reports for markets throughout North America as well as audio snapshots for a number of key markets. For a broader perspective, download the U.S. report, which summarizes our expectations for the coming year.

Opportunities abound…if you know where to look. Get started.

Timken Co. unit buys City Scrap and Salvage Co. in Akron - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Timken Co. unit buys City Scrap and Salvage Co. in Akron - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Timken said City Scrap employs 30 and for more than 15 years has supplied the maker of bearings and steel with ferrous scrap for its steelmaking operations.